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WTI bears antagonize the $44.00 support

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Global Markets The diminishing expectations that global demand for oil would pick up in the near term, resulted in a hefty decline in WTI which lasted for three consecutive days last week. Some recent soft data from China illustrating a considerable decline in exports and imports in October has renewed fears about China growth, and this will continue to threaten WTI bulls. WTI remains technically bearish and prices may remain depressed as oversupply and diminishing demand sabotage any

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